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Circuit City Sees Stock Rebound

January 2008
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Following the news that mogul Mark J. Wattles has purchased a stake in the company, Circuit City saw its stock reach its highest level since in nearly a month, RealTimeTraders.com reported Wednesday.The stock jumped 79 cents to $4.55.

Wattles purchased 11 million shares of the struggling retail giant earlier this week, and said in an interview that both the outright purchase of the company and a force of change in leadership are options that he is considering.

Do you think Circuit City can come back? Discuss it in the Dealerscope forums.
 

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COMMENTS

Most Recent Comments:
DAVID - Posted on January 29, 2008
I WORKED 19+YRS FOR C.C.,NOW AT BEST BUY. WHILE AT C.C. TOO MANY MISSTEPS. (1) ELIMATED APPLIANCES (PROFITABLE DEPT.)(2) ELIMATED EMPLOYEES/COMMISSION (3) DIDN'T REMODEL STORES, TOO OLD (4) DECIDED THEY KNEW BETTER THAN CUSTOMERS-NO CUSTOMER CENTRICITY (5) CUT EXPERIENCED STAFF-AGAIN! AND (6) CONTINUAL UPPER MANAGEMENT CHANGES IN RICHMOND, NO CONSISTANT MANAGEMENT STYLE. THE ONLY GOOD CEO AT CC WAS RICHARD SHARP-MCCLOUGH STARTED DOWNWARD TREND. WITH CURRENT MANGEMENT I GUESS YOU WOULD SAY THE "SHOW IS OVER."